Read the article "What's Wevenue?" byElizabeth MacDonald in the Wall Street Journal (January 6,2000, p. A1). The article states that managers faced aggressive revenue targets and reports testimony about "a dozen or moreaccounting tricks that various employees, at various levels ofmanagement, had deployed to keep the stock buy out.
Required
a. What revenue recognition or other accounting-related improprieties does the article report?
b. How widely known were the improprieties within the company?
c. Describe the responsibilities and challenges management accountants andothers within the organization face with respect to the accounting issues reported in the article and explain how organizational leadership or control systems can help foster high ethical standards and help prevent the problems described in the article.